Vitrinite appeared at in Queensland's Bowen Basin with multiple seams premium hard coking coal properties; expected to support a multi-year mine life and approximately 9 million tonnes per year at full scale after lease approval. Drilling progressing under the JORC 2012 standard, aligning with a 15+ year life and staged development. The asset was acquired in 2018 and an initial four-year mining lease. Regional employment anticipated from the project. CAPEX totals in the hundreds of millions through multiple drilling phases.
Sources
Vitrinite has received approval for its Vulcan mine complex, paving the way for a nine-million-tonne metallurgical coal mine in Queensland’s Bowen Basin.
www.australianmining.com.auVitrinite, a coal-focused mining company, gets the go-ahead for its metallurgical Vulcan mine complex worth US$160mn located in Queensland, Australia
miningdigital.comVulcan Mine contains multiple target coal seams with premium hard coking coal properties.
vitrinite.com.auAustralia’s newest metallurgical coal mine, Vitrinite Coal’s Vulcan Complex, located between Moranbah and Dysart in central Queensland’s Bowen Basin, was recently granted a mining lease for the first four years of an expected 15-year-plus mine life. The A$160 million ($115 million) open-cut mine is expected to produce 9 million metric tons per year (mtpy) of premium hard coking coal.
thecoaltrader.comapproximately 2o to the northeast. The deposit contains a JORC Code Resource suitable for surface mining in multiple seams from 0.3m – 3.14m thick at depths from sub-crop – 55m. Vitrinite has defined a JORC (2012) code compliant resource of 191Mt (12Mt Measured, 4Mt Indicated and 31Mt Inferred) for the Vulcan Pits. … Explosives Magazine and surface handling facilities. Vitrinite will utilise existing access roads to the mine site. Annual production is planned for 0.8-1.95Mt per annum over 8...
vitrinite.com.au